EFTA02553689.pdf

From: jeffrey E. <[email protected]> Sent: Thursday, December 7, 2017 4:58 PM To: Melanie Spinella Subject: just a reminder, of what should be simple part of the argument that took 6 weeks m=nth and 120 emails according to my records , this was after i =onvinced them to have no option to buy then they asked f=r a put at a HIGHER price than brad bought it. ALL WRONG= guaranteed a profit . then pik interest which i also had to f=ght. these were the arguments of the l=wyer that never filed a 1040 form, brad stubborn .= 12/11/15 to Alan, me, Bra=, David =/span> <https://mail.google.com/mail/u/0/images/cleardcmgif> I agree no PIK interest is best. I also prefer full recourse, I have=20 told that to Brad W. We have also said that cash/recourse should be at least 50% of purchase price to avoid option treatment. I don't really like fixed price put, it makes it even less like a sa=e, but I would be curious to know what fixed price you have in mind. If =t is not substantially higher than the purchase price, it might look like a financing. We have indicated that the put should not be exercisable for 2-3 years, so it makes sense to me that the note should be longer, like 5 years.<=p> Assignment is not relevant, =rad W is signing and closing at the same time. Payment for put should be no= necessary if put is FMV. Richard J. Bronstein I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP New York, NY 10019-6064 <mailto > I www.paulweis=.com <http://www.paulweiss.com> From: Halperin, Alan S EFTA_R1_01710770 EFTA02553689 Sent: Friday, December 11, 2015 4:56 PM To: jeffrey E. <[email protected] <[email protected]»; Brad Wechsler ><=r> Cc: Bronstein, Richard., < >; Lakhdhir, David K >> Subject: RE: Re: By copying Rick, I am aski=g for him to weigh in. Thanks. Alan 4>=A0 please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of TEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --f403045df8d692187e0551c2f967-- conversation-id 21006 date-last-viewed 0 date-received 1512665898 flags 8590195713 gmail-label-ids 7 remote-id 776542 2 EFTA_R1_01710771 EFTA02553690